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Through our GIC brokerage, we offer access to Canada's largest GIC issuers, so you can be assured you are getting the best rates possible.

Guaranteed Investment Certificates are secure investments that guarantee to preserve your money. Your investment earns interest, at either a set or a variable rate, or based on a market-linked formula. Most portfolios should include some proportion of secure investments such as GICs to balance the more aggressive investments. There are three types of GICs for greater flexibility: Guaranteed-return GICs guarantee that your money will grow as expectedInterest rate-linked GICs make it easy to benefit from any increase in interest rates without having to adjust your investments. Market-linked GICs offer you the growth potential of the stock market while guaranteeing your principal Guaranteed Investment Certificates may also be redeemable or non-redeemable. Redeemable GICs (term deposits) may be redeemed prior to maturity. A lower interest rate applies to early redemptions. Non-redeemable GICs are not redeemable prior to maturity except in exceptional circumstances.

Guaranteed Investment Certificates have many benefits which include:

Our GIC issuers include: CDIC Membership Are Your Savings Protected?

From $1 to $100,000 Canada Deposit Insurance Corporation (CDIC) is a Federal Crown Corporation created in 1967 to provide depsoti insurance and contribute to the stability of Canada's Financial System. CDIC insures eligible deposits up to $100,000 (including principal and interest) pre depositor in each member institution.

Are all Financial Institutions members of CDIC?

No. Membership is limited to banks, trust companies, loan companies and associations to which the Cooperative Credit Association Act applies. Members must display this sign:

Are members of CDIC examined?

Yes. On behalf of CDIC, federally incorperated members are examined by the Superintendent of Financial Institutions. Provincially incorporated members are inspected by a person designated by CDIC, typically the institutions' provinical regulator or the Superintendent of Financial Institutions.

Can the CDIC membership list change?

Yes. Changes may include the addition of new members, name changes, amalgamations, and cancellations of deposit insurance. For information about how these changes may affect your deposit insurance, contact CDIC through its toll-free telephone information line or by e-mail.

Visit our Web site at www.cdic.ca
Call (toll-free) 1-800-461-2342
Fax 1-613-996-6095
E-mail info@cdic.ca

Or write to
Canada Deposit Insurance Corporation
50 O'Conner Street, 17th Floor
P.O. Box 2340, Station D
Ottawa, Ontario K1P 5W5

Consult the Protecting Yuor Deposits brochure, available at your member institution and on CDIC's Web site.

Ask your member institution for a copy of its deposit register that lists those of its products that are eligible for CDIC insurance.

Please Note that the list of members institutions is updated regulary and is available on CDIC's Web site or on request from CDIC.


CDIC Member Institutions
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Credit Union Deposit Insurance Corporation (CUDIC)

GIC’s that are purchased through credit unions are protected by the Credit Union Deposit Insurance Corporation (CUDIC)The CUDIC insures up to $250,000 is eligible deposits. Every active credit union in Nova Scotia is required by legislation to be insured by CUDIC.


Assuris protects deposits issued by life insurance companies. In order for a life insurance company to write insurance in Canada they are required to be a member of Assuris. If your life insurance company fails, your Accumulation Annuity policy (insurance equivalent of GIC) will be transferred to a solvent company. On transfer, Assuris guarantees that you will retain 100% of the Accumulated Value up to $100,000.

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Glen Rankin  
CIM Canadian Investment Manager
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Guaranteed Investment Certificates (GIC’s)